Black Hills Corp
BKH- Exchange
- NYSE
- Industry
- Electric Services
- SEC CIK
- 0001130464
No open-market purchases or sales by Black Hills Corp insiders were filed in the last 90 days; 477 institutions reported holding it in 13F filings for Q2 2026, worth $5.83B in total; no superinvestor holds it.
13F holders, Q4 2025
Institutional positions in Black Hills Corp as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 461
- +37 vs. Q3 2025
- Shares held
- 72.5M
- +7.31M (+11.2%) vs. Q3 2025
- Total value
- $5.02B
- +$1.00B (+25.0%) vs. Q3 2025
- New holders
- 80
- 173 more added
- Sold out
- 43
- 138 more reduced
8 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting BKH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 477 | $5.83B |
| Q1 2026 | 476 | $5.31B |
| Q4 2025 | 461 | $5.02B |
| Q3 2025 | 432 | $4.04B |
| Q2 2025 | 413 | $3.42B |
| Q1 2025 | 414 | $3.71B |
| Q4 2024 | 400 | $3.55B |
| Q3 2024 | 394 | $3.71B |
| Q2 2024 | 375 | $3.21B |
| Q1 2024 | 395 | $3.26B |
| Q4 2023 | 365 | $3.19B |
| Q3 2023 | 344 | $2.94B |
| Q2 2023 | 332 | $3.50B |
| Q1 2023 | 331 | $3.63B |
| Q4 2022 | 323 | $4.16B |
| Q3 2022 | 329 | $3.93B |
| Q2 2022 | 347 | $4.13B |
| Q1 2022 | 325 | $4.41B |
| Q4 2021 | 324 | $3.91B |
| Q3 2021 | 293 | $3.46B |
| Q2 2021 | 283 | $3.64B |
| Q1 2021 | 295 | $3.64B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Black Hills Corp; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Hunter Perkins Capital Management, LLC | 140,509 | $9.75M | 2.26% | −12,030−7.9% | Reduced |
| Leeward Investments, LLC - MA | 141,580 | $9.83M | 0.50% | −779−0.5% | Reduced |
| Swiss National Bank | 143,779 | $9.98M | 0.01% | +3,200+2.3% | Added |
| Phocas Financial Corp. | 154,041 | $10.7M | 1.39% | −20,619−11.8% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 159,341 | $11.1M | 0.03% | +58,077+57.4% | Added |
| Principal Financial Group Inc | 163,397 | $11.3M | 0.01% | −797−0.5% | Reduced |
| Barclays PLC | 164,079 | $11.4M | 0.00% | −2,298−1.4% | Reduced |
| Glenmede Trust Co NA | 191,410 | $13.3M | 0.06% | +191,410 | New |
| California Public Employees Retirement System | 203,337 | $14.1M | 0.01% | −51,109−20.1% | Reduced |
| Gamco Investors, Inc. Et Al | 207,132 | $14.4M | 0.14% | −296−0.1% | Reduced |
| Squarepoint Ops LLC | 213,023 | $14.8M | 0.03% | +66,648+45.5% | Added |
| Rhumbline Advisers | 225,446 | $15.7M | 0.01% | −16,121−6.7% | Reduced |
| Brandywine Global Investment Management, LLC | 231,017 | $16.0M | 0.11% | −8,500−3.5% | Reduced |
| Paradiem, LLC | 234,687 | $16.3M | 3.90% | −146−0.1% | Reduced |
| Jane Street Group, LLC | 240,551 | $16.7M | 0.02% | −685,198−74.0% | Reduced |
| Verition Fund Management LLC | 251,435 | $17.5M | 0.09% | +133,832+113.8% | Added |
| Voya Investment Management LLC | 255,898 | $17.8M | 0.02% | −14,073−5.2% | Reduced |
| Freestone Grove Partners LP | 266,005 | $18.5M | 0.13% | +117,593+79.2% | Added |
| Zimmer Partners, LP | 276,034 | $19.2M | 0.50% | −823,986−74.9% | Reduced |
| HighTower Advisors, LLC | 278,659 | $19.3M | 0.02% | +91,120+48.6% | Added |
| Alliancebernstein L.P. | 309,141 | $21.5M | 0.01% | +170,681+123.3% | Added |
| Legal & General Group Plc | 339,452 | $23.6M | 0.01% | −36,703−9.8% | Reduced |
| Hotchkis & Wiley Capital Management LLC | 380,574 | $26.4M | 0.08% | −23,557−5.8% | Reduced |
| Duff & Phelps Investment Management Co | 389,700 | $27.1M | 0.31% | 00.0% | Unchanged |
| Manufacturers Life Insurance Company, The | 393,348 | $27.3M | 0.02% | −1,105−0.3% | Reduced |
| Janus Henderson Group PLC | 398,420 | $27.7M | 0.01% | −54,979−12.1% | Reduced |
| Old Republic International Corporation | 416,000 | $28.9M | 1.17% | 00.0% | Unchanged |
| Bank of America Corp | 430,230 | $29.9M | 0.00% | −100,476−18.9% | Reduced |
| JPMorgan Chase & Co | 437,371 | $30.4M | 0.00% | −180,760−29.2% | Reduced |
| Crawford Investment Counsel Inc | 489,565 | $34.0M | 0.57% | +41,914+9.4% | Added |
| Gabelli Funds LLC | 533,331 | $37.0M | 0.25% | −4,914−0.9% | Reduced |
| Think Investments LP | 537,637 | $37.3M | 4.77% | +537,637 | New |
| Morgan Stanley | 566,831 | $39.3M | 0.00% | −51,822−8.4% | Reduced |
| UBS Group AG | 572,227 | $39.7M | 0.01% | +265,464+86.5% | Added |
| Millennium Management LLC | 574,943 | $39.9M | 0.03% | +456,193+384.2% | Added |
| ProShare Advisors LLC | 603,142 | $41.9M | 0.07% | −132,872−18.1% | Reduced |
| Invesco Ltd. | 609,706 | $42.3M | 0.00% | −208,642−25.5% | Reduced |
| Victory Capital Management Inc | 706,327 | $49.0M | 0.03% | −21,116−2.9% | Reduced |
| First Trust Advisors LP | 728,943 | $50.6M | 0.04% | −142,030−16.3% | Reduced |
| Bank of New York Mellon Corp | 789,678 | $54.8M | 0.01% | −64,158−7.5% | Reduced |
| Fuller & Thaler Asset Management, Inc. | 800,458 | $55.6M | 0.19% | −525,512−39.6% | Reduced |
| Franklin Resources Inc | 832,727 | $57.8M | 0.01% | +243,466+41.3% | Added |
| Engineers Gate Manager LP | 849,073 | $58.9M | 0.70% | +844,327+17,790.3% | Added |
| Northern Trust Corp | 918,827 | $63.8M | 0.01% | −38,666−4.0% | Reduced |
| Goldman Sachs Group Inc | 967,603 | $67.2M | 0.01% | +30,213+3.2% | Added |
| Two Sigma Advisers, LP | 978,200 | $67.9M | 0.13% | +861,702+739.7% | Added |
| Dimensional Fund Advisors LP | 1,123,163 | $78.0M | 0.02% | +23,870+2.2% | Added |
| Two Sigma Investments, LP | 1,176,944 | $81.7M | 0.12% | +651,291+123.9% | Added |
| Charles Schwab Investment Management Inc | 1,191,648 | $82.7M | 0.01% | −8,987−0.7% | Reduced |
| Nuveen, LLC | 1,230,205 | $85.4M | 0.02% | −39,785−3.1% | Reduced |
| Cohen & Steers, Inc. | 1,385,759 | $96.2M | 0.17% | +209,135+17.8% | Added |
| AQR Capital Management LLC | 1,418,384 | $98.5M | 0.05% | +44,334+3.2% | Added |
| Adage Capital Partners GP, L.L.C. | 1,592,000 | $110.5M | 0.17% | +1,017,000+176.9% | Added |
| Point72 Asset Management, L.P. | 1,875,221 | $130.2M | 0.20% | +1,860,569+12,698.4% | Added |
| Geode Capital Management, LLC | 1,894,539 | $131.5M | 0.01% | +55,232+3.0% | Added |
| Covalis Capital LLP | 2,057,160 | $142.8M | 11.15% | +2,057,160 | New |
| Capital Research Global Investors | 2,275,922 | $158.0M | 0.03% | +634,800+38.7% | Added |
| Nomura Asset Management International Inc. | 2,655,062 | $184.3M | 0.28% | +2,655,062 | New |
| State Street Corp | 3,780,111 | $262.4M | 0.01% | −56,903−1.5% | Reduced |
| Vanguard Group Inc | 8,974,122 | $623.0M | 0.01% | −16,719−0.2% | Reduced |
| BlackRock, Inc. | 12,138,305 | $842.6M | 0.01% | +802,222+7.1% | Added |
| Balyasny Asset Management LLC | 0 | $0 | 0.00% | −664,080−100.0% | Sold out |
| Invenomic Capital Management LP | 0 | $0 | 0.00% | −318,356−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −232,500−100.0% | Sold out |
| Meeder Asset Management Inc | 0 | $0 | 0.00% | −81,954−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −65,327−100.0% | Sold out |
| Segall Bryant & Hamill, LLC | 0 | $0 | 0.00% | −62,793−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −45,172−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −32,104−100.0% | Sold out |
| Elo Mutual Pension Insurance Co | 0 | $0 | 0.00% | −30,113−100.0% | Sold out |
| John Boyer, Inc. | 0 | $0 | 0.00% | −21,354−100.0% | Sold out |
| Qube Research & Technologies Ltd | 0 | $0 | 0.00% | −17,274−100.0% | Sold out |
| HRT Financial LP | 0 | $0 | 0.00% | −14,512−100.0% | Sold out |
| DRW Securities, LLC | 0 | $0 | 0.00% | −9,514−100.0% | Sold out |
| Burke & Herbert Bank & Trust Co | 0 | $0 | 0.00% | −8,000−100.0% | Sold out |
| Henshaw Capital LLC | 0 | $0 | 0.00% | −7,728−100.0% | Sold out |
| Blueshift Asset Management, LLC | 0 | $0 | 0.00% | −7,645−100.0% | Sold out |
| Hilltop Holdings Inc. | 0 | $0 | 0.00% | −6,555−100.0% | Sold out |
| RIA Advisory Group LLC | 0 | $0 | 0.00% | −6,086−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −5,820−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −5,776−100.0% | Sold out |
| Polymer Capital Management (US) LLC | 0 | $0 | 0.00% | −5,775−100.0% | Sold out |
| IFM Investors Pty Ltd | 0 | $0 | 0.00% | −5,200−100.0% | Sold out |
| Strategic Blueprint, LLC | 0 | $0 | 0.00% | −4,513−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −4,133−100.0% | Sold out |
| Axq Capital, LP | 0 | $0 | 0.00% | −3,839−100.0% | Sold out |
| NorthRock Partners, LLC | 0 | $0 | 0.00% | −3,807−100.0% | Sold out |
| Legacy Financial Advisors, Inc. | 0 | $0 | 0.00% | −3,711−100.0% | Sold out |
| Inceptionr LLC | 0 | $0 | 0.00% | −3,705−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −3,437−100.0% | Sold out |
| Mirabella Financial Services LLP | 0 | $0 | 0.00% | −3,338−100.0% | Sold out |
| Principal Securities, Inc. | 0 | $0 | 0.00% | −2,050−100.0% | Sold out |
| Federation des caisses Desjardins du Quebec | 0 | $0 | 0.00% | −1,000−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −727−100.0% | Sold out |
| Pathway Financial Advisers, LLC | 0 | $0 | 0.00% | −613−100.0% | Sold out |
| Quarry LP | 0 | $0 | 0.00% | −426−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −372−100.0% | Sold out |
| Rise Advisors, LLC | 0 | $0 | 0.00% | −277−100.0% | Sold out |
| Hopwood Financial Services, Inc. | 0 | $0 | 0.00% | −216−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −176−100.0% | Sold out |